USD/CAD has just reversed off a swing-high resistance and could potentially drop lower from here. Sell entry is at 1.35418 which is a swing-high resistance. Stop loss is at 1.35840 which is a level that sits above the 127.2% Fibonacci extension level. Take profit is at 1.34641 which is an overlap support that aligns close to the 38.2% Fibonacci retracement...
News commentary and technical analysis, everyday 10 minutes before Wall Street opens, by FXCM’s Senior Financial Editorial Writer Nikos Tzabouras
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CADJPY is rising to a pullback resistance, from there it could potentially reverse to the take profit level. Sell entry is at 110.300 which is a pullback resistance. Stop loss is at 111.084 which is a swing-high resistance. Take profit is at 109.117 which an overlap support that aligns with 23.6% Fibonacci retracement and 78.6% Projection level. High Risk...
GBPAUD is falling towards overlap support and could potentially reverse off this level to drop lower. Sell entry is at 1.91997 which is an overlap support that aligns with 23.6% Fibonacci retracement. Stop loss is at 1.94217 which is a swing-high resistance. Take profit is at 1.89758 which is overlap support that aligns with 50% Fibonacci retracement. High...
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2504, which is a pullback support that aligns with the 161.8% Fibo extension Our take profit will be at 1.2580, a pullback resistance. The stop loss will be placed at 1.2440, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin...
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.0713, which is a pullback support that aligns with the 16.8% Fibo extension Our take profit will be at 1.0768 a pullback resistance. The stop loss will be placed at 1.0663, which is a multi-swing low support level. High Risk Investment Warning Trading Forex/CFDs on...
Based on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 1.2610, which is a multi swing low support level Our take profit will be at 1.2657, which is a pullback resistance level. The stop loss will be placed at 1.2562, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries...
Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.2748, which is a multi-swing high resistance. Our take profit will be at 1.2698, a pullback support level. The stop loss will be placed at 1.2797, above the 127,2% Fibo extension High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk...
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 72.976 which is a pullback resistance. Stop loss is at 74.650 which is a level that aligns the 38.2% Fibonacci retracement level and sits above a pullback resistance. Take profit is at 70.729 which is a swing-low support. High...
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.60730 which is a pullback resistance. Stop loss is at 0.60940 which is a level that sits above a pullback resistance. Take profit is at 0.60350 which is a pullback support. High Risk Investment Warning Trading Forex/CFDs...
News commentary and technical analysis, everyday 10 minutes before Wall Street opens, by FXCM’s Senior Financial Editorial Writer Nikos Tzabouras
Join FXCM senior market specialist Russell Shor for a general review of the financial markets.
EURJPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.85595 which is an overlap resistance that aligns with 23.6% Fibonacci retracement. Stop loss is at 0.85879 which is an overlap resistance that aligns closely with the 38.2% Fibonacci retracement. Take profit is at 0.85174 which is a...
EURJPY is rising towards an overlap resistance and could potentially rise higher to our take profit level. Buy entry is at 160.276 which is an overlap resistance that aligns closely with the 61.8% Fibonacci retracement level. Stop loss is at 158.510 which is a level that sits below a multi-swing low support. Take profit is at 161.761 which is a swing-high...
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 2024, which is a pullback support. Our take profit will be at 2038, an overlap resistance. The stop loss will be placed at 2014.06, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 0.8676, which is a multi-swing high resistance. Our take profit will be at 0.8609, a pullback support level. The stop loss will be placed at 0.8734, which is above the swing high resistance level." High Risk Investment Warning Trading Forex/CFDs on margin carries...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.0814, which is a pullback resistance. Our take profit will be at 1.0743 which closes to 127.2% Fibo extension. The stop loss will be placed at 1.08558, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of...